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MANILA, Philippines — Defending champions Team Liquid Philippines ended up at fifth-sixth place in the current season of the Mobile Legends Professional League (MPL) Philippines, Wednesday, October 16, after a close 2-3 match-up against debutting team, Aurora.
BPI [BPI 142.50, up 1.4%; 85% avgVol] [link] posted a Q3 net income of P17.4 billion, up 29.4% y/y from its Q3/23 net income, and up 13.7% q/q from its Q2/24 net income of P15.3 billion. The Q3 result helped BPI set a 9M net income record of P48.0 billion, up 24.3% from last year, driven by “robust revenue growth” from “strong performance of net interest income” (up 22.2%), average loan expansion (up 18.9%), and increased net interest margin (+22 basis points to 4.29%). BPI also increased its non-interest income by 32.4% due to trading gains of P3.0 billion and fee income of P26.4 billion (up 28% y/y) from service charges, credit card fees, and “bancassurance” income. BPI’s stock is up 32% over the past 12 months, up 37% year-to-date, and is up 68% over the last three years.
Alternergy [ALTER 0.94, up 2.2%; 81% avgVol] [link] is contemplating the formation of a REIT to “raise additional capital for the group”. The company said that it is considering using its subsidiary, Triple Play Land Corp (3PLCo), as “a platform” for this future REIT offering and has restructured its asset holdings to consolidate “all of the real estate needs of all its project companies” under 3PLCo.
According to a report by InsiderPH, Ayala Corp. [AC 717.50, down 1.7%; 30% avgVol] is selling half of its stake in AC Ventures (ACV) to Mitsubishi for P18 billion, in a deal that values GCash at approximately P288 billion (~$5 billion). ACV owns a stake in Globe Fintech Solutions (Mynt), which in turn owns GCash. This deal is apparently a continuation of the July transaction where MUFG acquired an 8% stake in Mynt for $393 million; it was conducted on the same valuation terms. According to InsiderPH, Ayala will use the proceeds of the sale to “retire loans it took to finance AC Ventures’ stake that matched MUFG’s entry in GCash last July.”
MANILA, Philippines — University of Santo Tomas’ Mo Tounkara acknowledged that he needs to “control himself” better moving forward, after being ejected from the Growling Tigers’ overtime loss against the La Salle Green Archers in their UAAP Season 87 clash on Wednesday.
MANILA, Philippines — Up to 1,308 police officers who have relatives running in the 2025 midterm elections were either relieved or transferred to other units, the Philippine National Police reported yesterday.
Aminado si Sylvia Sanchez na magiging spoiled sa kanya ang anak nina Zanjoe Marudo and Ria Atayde.
MANILA, Philippines — The operator of the Ninoy Aquino International Airport has uncovered 20 vehicles abandoned at the NAIA parking lot, with some having been there as far back as 2014.
MANILA, Philippines — The Senate is set to wrap up its yearlong investigation on illegal Philippine offshore gaming operators (POGO), Sen. Risa Hontiveros said yesterday.